European Debt And Stocks

Long story really short - Investors are concerned that European debt problems will take the US economy down a few notches. They are worried that reports due out this week will reveal that very concern.

If the data reveals that the US economy is being adversely affected by Europe's problems, then expect to see the DOW continue to drop. It could be a harsh week at worst.

Reuters: Stocks need Europe end game

Prudential's Praveen believes that despite slight gains in the last week of May, the U.S. stock market will not make significant progress until the European Central Bank steps up its purchases of government debt as the U.S. Federal Reserve did early last year.


The ISM manufacturing index is due out on Tuesday...